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Food Industry warns price rise post the Brexit vote
Economy - Dec 09, 2016
A trade group comprising of 30 food and drink associations have warned that food prices will go up once EU workers leave the UK after Brexit vote or due to the fall in pound’s value.
China’s GDP to escalate and the U.S. 10-year yield to swing 3% in 2017
Economy - Dec 08, 2016
Economist predicts that Chinese GDP can surge significantly next year, whereas, the rising U.S. interest rates and higher dollar value can cause a jump in the U.S. 10-year yield by 3%.
Trump plans to scrape NAFTA within 200 days of office
Economy - Dec 05, 2016
US President elect Donald Trump’s pledge to scrap old trade agreements with Mexico and China, dropping the Mexican government in a fit. Trump in his ‘Transition Memo’ clearly stated
Euro slips amidst Italy’s constitutional referendum
Economy - Dec 05, 2016
Prime Minister Matteo Renzi announced on Monday, that he is resigning from the office of Italy’s Prime Minister, after his brainchild, the constitutional reform was rejected by most of the Itali
Italian referendum adds to the banks’ distress
Economy - Dec 02, 2016
The referendum for a constitutional reform will ask the voters if they want to amend the Italian constitution to renovate the appointment and rights of the Parliament, as well as the partition of powe
Saudi Prince says ban on women driving is draining their economy
Economy - Dec 01, 2016
The influential prince said that the matter is about women’s rights and lifting restrictions, as well as a matter of economic necessity for his country. Saudi Arabia is governed by Sharia law an
American economy gains pace
Economy - Nov 30, 2016
Amidst all the speculation and crass talk about how the U.S. market was at a standstill during the election and would face heavy losses in future, the U.S. economy surprised the critics after it grew
Venezuela’s currency continues on its rapid demise
Economy - Nov 30, 2016
In November, the Venezuelan currency stumbled by 55% and it appears to be continuing towards the same decline, just more rapidly. Venezuelan inflation is one of the most recent signs of the country&rs
Crash Crunch can make India “not” the fastest growing economy
Economy - Nov 30, 2016
India took over China’s place as the fastest growing major economy this year, but might fall short of its promise of a 7.1% GDP growth rate after the ban of its ‘big’ currency notes.
Brexit to tumble UK’s economy in the next five years
Economy - Nov 30, 2016
Britain’s treasury chief, Philip Hammond believes that higher inflation rates have been ignited by a drop in the pound’s value. However, he didn’t shy away from admitting that a grea
BNM keeps OPR unchanged at 3 percent
Economy - Nov 30, 2016
Bank Negara Malaysia (BNM) kept its overnight policy rate (OPR) at 3 percent, declaring at the Monetary Policy Committee meeting.
Philippine Currency Drops to 50 Peso per Dollar
Economy - Nov 30, 2016
Thursday, the currency of the Southeast Asian country, Philippines, touched 50 to the US dollar for the first time in eight years. It is recorded as the biggest annual loss since the year 2013. Accord
IMF report suggests Mexican Economy under threat of protectionism
Economy - Nov 30, 2016
The Republican US president-elect, Donald Trump, wants to renegotiate the North American Free Trade Agreement (NAFTA) and threatens to impose tariffs on US companies dealing with Mexican customers. IM
Donald Trump vows to withdraw from TPP on first day in office
Economy - Nov 22, 2016
Trump posted a short video message on YouTube yesterday, in which he outlined the tasks that his government intends to do within the first 100 days after taking office in January next year. Trump high
Theresa May attempts to reassure businesses in Post-Brexit UK
Economy - Nov 22, 2016
Addressing the Confederation of British Industrys’ (CBI) annual conference, May seemed to convince business leaders of having adequate plans and strategies for them to sustain and prosper after
Australian dollar slips to its lowest level since June
Economy - Nov 22, 2016
The value of Australian dollar has decreased to five month lows, with the effect of a strengthening United States dollar in response to the policies being selected by US president elect Donald trump.
UK retail sales amazingly increased due to winters and Halloween
Economy - Nov 21, 2016
This retail growth is counted as the highest since April 2002. The report was released by the Office for National Statistics (ONS) of UK. In this lineup, the online trades were at their strongest for
EU warns 8 nations for running bigger budget deficits
Economy - Nov 18, 2016
Under EU rules, member countries are allowed to run an annual budget deficit of not more than 3% out of their total economic outputs. However, the warning complies for 2017, suggesting that the propos
Country isn't in economic crisis, the only growth rate is slow: Singapore PM Lee
Economy - Nov 17, 2016
Singapore Prime Minister Lee Hsien Loong said that “the country’s economy growth is running slow, but the country is not in an economic crisis and an emergency package is not needed to the
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SBI Reduces Home Loan to 9.1%, Lowest in 6 years
Economy - Nov 17, 2016
India’s largest bank, State Bank of India, has cut the home loan rates to a 9.1%. This is one of the lowest loan cut rate in last six years by a government bank. This cuts in home loan rates is